Rachel Reeves Pledges Economic Growth While Cutting Government Costs
Chancellor Rachel Reeves has vowed to improve the UK’s economy and living standards, promising a 15% reduction in government running costs and the loss of 10,000 civil service jobs.
Economic Challenges and Spending Cuts
Ahead of Wednesday’s spring statement, Reeves defended her economic strategy, acknowledging slow progress but insisting on necessary reforms. While maintaining fiscal rules and ruling out further tax hikes, she emphasized spending cuts within central government to stay within budget.
Potential U.S. Trade Deal and Digital Services Tax
Reeves hinted at the possibility of scrapping the £1bn-a-year digital services tax—which affects large U.S. tech firms—to secure a trade deal with Donald Trump. She stressed the need to balance UK interests, aiming to prevent higher...
